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THE FILM DEVELOPMENT CORPORATION ACT, 1957

(ACT NO. XV OF 1957)
  Part No : Chapter No : Section No: [ 21st May, 1957  
  
     An Act to establish a Corporation for the purpose of promoting the development of film industry in Bangladesh. 1
 
    Whereas it is expedient to establish a Corporation for the purpose of promoting the development of film industry in Bangladesh;



It is hereby enacted as follows:-
 
CONTENTS
 
SECTIONS
 
1. Short title, extent and commencement
2. Interpretation
3. Establishment and incorporation of Corporation
4. Share capital and shareholders
5. Approved securities
6. Management
7. Board of Directors
8. Terms of office of Directors
9. Managing Director
10. Constitution and powers of the Executive Committee
11. Disqualification for the office of Director
12. Directors absent from three consecutive meetings
13. Appointment of officers, advisers and consultants
14. Chairman of the Board
15. Technical Advisory Committee
16. Restriction on disclosure of information
17. Meetings of the Board and the Committee and quorum thereof
18. Fees for attending meetings
19. Offices
20. Deposit accounts
21. Investment of funds
22. Borrowing power
23. Deposits
24. Functions of the Corporation
25. Limit of accommodation
26. Security for loans
27. Interest on loans
28. Limit of loans
29. Power to impose conditions
30. Prohibited business
31. Loans in foreign currency
32. Power to demand immediate payment of the entire sum
33. Certification of sums recoverable
34. Special provisions for enforcement of the claims of the Corporation
35. Act XVIII of 1891 to apply to the books of the Corporation
36. Disposal of profit
37. General meetings
38. Audit
39. Returns
40. Liquidation of Corporation
41. Indemnity of Directors
42. Declaration of fidelity and secrecy
43. Provision relating to income-tax and super-tax
44. Offences
45. Power of Government to make rules
46. Power of the Board to make regulations
 
 

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